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Ashburn Company issued 1 5 - year bonds two years ago at a coupon rate of 9 . 9 percent. The bonds make semiannual payments.

Ashburn Company issued 15- year bonds two years ago at a coupon rate of 9.9 percent. The bonds make semiannual payments. If these bonds currently sell for 99 percent of par value, what is the YTM?
Note: Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g.,32.16.
Yield to maturity
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